MEMA Names Industry Veteran Bob McKenna as its New President
The Motor & Equipment Manufacturers Association (MEMA) has named Bob McKenna as its new president and CEO. The appointment is effective October 1. McKenna, who has 35 years of aftermarket industry experience, comes to MEMA from Atlanta-based Genuine Parts Company (GPC) where he served as group vice president and chairman of the board for the National Automotive Parts Association (NAPA).
Genuine Parts Company Names New CEO
Larry Prince, chairman and CEO of Genuine Parts Co. (GPC), announced that Thomas Gallagher will succeed him as president and CEO of the company. Elected to the post by the company’s board of directors, Gallagher becomes only the fourth CEO the company in its seventy-six year history. Prince will continue in his position as chairman of the board.
Genuine Parts Announces Officer Changes, Declares Dividend
The board of directors of Genuine Parts Co. (GPC) has approved two corporate officer changes. Frank Howard has been elected to the position of senior vice president and treasurer of GPC. Carol Yancey was elected to the position of vice president – finance and corporate secretary.
Genuine Parts Co. Reports First Quarter Results
Genuine Parts Co. (GPC) has reported sales and earnings for the first quarter, which ended on March 31. Sales for GPC totaled $2.2 billion, up 9 percent compared to the first quarter of 2003. Net income for the quarter was $100.2 million, an increase of 13 percent over $88.4 million recorded in the previous year before the cumulative effect of an accounting change adopted January 1, 2003.
Genuine Parts Co. Reports 2003 Results
Completing its 76th year in operation, Genuine Parts Co. (GPC) has reported sales and earnings for the year, which ended December 31, 2003. Sales in 2003 were $8.4 billion, up 2.3 percent compared to the previous year. Net income for the year, before the cumulative effect of changes in accounting principles related to cash consideration from vendors and goodwill, was $354 million, compared to $368 million, for the same period in the prior year, a decrease of 4 percent.
Larry Samuelson Named President of U.S. Automotive Parts Group
Larry Prince, chairman and CEO of Genuine Parts Company (GPC), announced yesterday that Larry Samuelson has been named president of the U.S. Automotive Parts Group, effective immediately. The position was previously held by Bob McKenna, who departed in 2003. GPC CEO Tom Gallagher held the position in the interim. Samuelson is currently president and CEO of NAPA Canada/UAP Inc. He will continue to hold these responsibilities in addition to his new ones with the U.S. Automotive Parts Group.